• About
  • Advertise
  • Contact
Friday, July 25, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Economy

Coca – Cola Announces Plan To Invest Fresh $1billion In Nigeria During Meeting With President Tinubu

Vital News by Vital News
September 19, 2024
in Economy, News
0
Coca – Cola Announces Plan To Invest Fresh $1billion In Nigeria During Meeting With President Tinubu
Share on FacebookShare on Twitter

World Beverages Manufacturing Giant, Coca-Cola on Thursday announced plan to invest fresh $1 billion in the Nigerian economy.

It announced that the investment will be made in phases over the next five years.

Bayo Onanuga, Special Adviser to President Bola Tinubu on information and strategy disclosed this in a statement in Abuja.

He said the Global Leadership Team of Coca-Cola Company, led by Mr. John Murphy, President and Chief Financial Officer, and Ambassador Segun Apata, Chairman of Nigerian Bottling Company disclosed this during a meeting with President Tinubu at Aso Rock.

RelatedStories

PDP To Elect New National Officers In November, Shifts National Convention To Ibadan

Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

LPPC Approves Elevation Of 57 Lawyers To SAN Rank

Dr Dr.Ibrahim Ismaila Mosimabale Appointed Substantive Provost Of FCE, Okene

An elated President Tinubu while reacting to the good news commended Coca-Cola for its long-standing beneficial partnership with Nigeria.

”We are business-friendly, and as I said at my inauguration, we must create an environment of easy-in and easy-out for businesses.

”We are building a financial system where you can invest, re-invest, and repatriate all your dividends. I have a firm belief in that,” President Tinubu said.

H also told the delegation that private sector partnerships, which sustain investments, are central to his government’s far-reaching reforms to improve the business environment.

He pledged that the government would continue to partner with Coca-Cola to expand investments in Nigeria and address environmental issues, including climate change.

Murphy while shedding more light on Coca – Cola businesses in Nigeria said the company generated N320 billion annually through nearly 300,000 customers and contributes almost N90 billion in revenue to the Nigerian government.

”We are very proud of the growth of the business over a long period and its impact on the daily lives of many Nigerians.

”Beyond the financial impacts, we are also very committed to supporting the communities, and over the last number of years, we’ve had a special focus on several areas in the world of sustainability, water packaging and others, ” he said.

On his part, Mr Zoran Bogdanovic, CEO of Coca-Cola Hellenic Bottling Company, explained that the company’s confidence in Nigerian government policies had encouraged it to make the $1 billion investment pledge.

”Mr President, in your inaugural address, we were very pleased to hear of your invitation for foreign investors to invest and your assurance that foreign businesses can repatriate dividends and profits.

”That assurance gives us the confidence to continue our investments.

“Since 2013, we have invested $ 1.5 billion in Nigeria in capacity expansion, transformation of our supply chain infrastructure capabilities, training, and development.

”I am very pleased to announce that, with a predictable and enabling environment in place, we plan to invest an additional $1 billion over the next five years.

”We believe Nigeria’s potential is tremendous, and we are committed to working with the government to realise this potential,” he said.
(vitalnewsngr.com)

 

 

Tags: Coca-colaEconomyInvestmentTinubu
Previous Post

Kogi APC Flags Off Campaign For LG Poll, Ododo Tasks Candidates, Stakeholders On Total Victory

Next Post

Women Critical To Achievement Of Peace In Any Society – Orabueze

Vital News

Vital News

RelatedStories

Hardship : PDP Governors Meet In Asaba, Call On FG To Rejig Economic Policies
News

PDP To Elect New National Officers In November, Shifts National Convention To Ibadan

July 25, 2025
Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production
Agriculture/ Water/ Mineral

Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

July 25, 2025
LPPC Shortlists 74 Lawyers For SAN Rank, Calls For Public Scrutiny
Judiciary

LPPC Approves Elevation Of 57 Lawyers To SAN Rank

July 25, 2025
Dr Dr.Ibrahim Ismaila Mosimabale Appointed Substantive Provost Of FCE, Okene
Education

Dr Dr.Ibrahim Ismaila Mosimabale Appointed Substantive Provost Of FCE, Okene

July 24, 2025
Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja
Business

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

July 24, 2025
Next Post
Women Critical To Achievement Of Peace In Any Society – Orabueze

Women Critical To Achievement Of Peace In Any Society - Orabueze

Plan To Falsely Label Ex – Gov. Yahaya Bello A Security Threat Dead On Arrival – Media Office

THE EFCC, YAHAYA BELLO, TOM AND JERRY : THE ALAWADA CIRCUS SHOW CONTINUES BY PROF MIKE OZEKHOME, SAN, CON, OFR, LL.D

Seven Years After, Kwara Holds Peaceful LG Election

Seven Years After, Kwara Holds Peaceful LG Election

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

P/Harcourt refinery will resumes operation next year – Sylva

3 years ago
Flood : NAFDAC Confiscates Contaminated Drugs, Foods Worth N5bln in Borno

Flood : NAFDAC Confiscates Contaminated Drugs, Foods Worth N5bln in Borno

10 months ago
Elections : INEC Takes Full Delivery Of BVAS

Elections : INEC Takes Full Delivery Of BVAS

3 years ago
Olofa Of Offa Loses Mother

Olofa Of Offa Loses Mother

4 months ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death dies drugs Economy EFCC Election elections FG gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

3SC FC Sacks Coach Ogunbote, Dimeji Lawal, Entire Technical Crew

Dr Dr.Ibrahim Ismaila Mosimabale Appointed Substantive Provost Of FCE, Okene

Professor Yilwatda Is APC’s New National Chairman

Alleged Killer Of Lokoja Photojournalist, Oluwapelumi Adebayo Found Dead In Hotel Room, Leaves Suicide Note

Gov. Ododo Inspects Ultra- modern Market, Three Other Ongoing Projects In Lokoja

Kogi NYCN Expresses Sadness Over Killing of Lokoja Photojournalist, Ayo Ayepeku

Trending

Hardship : PDP Governors Meet In Asaba, Call On FG To Rejig Economic Policies
News

PDP To Elect New National Officers In November, Shifts National Convention To Ibadan

by Vital News
July 25, 2025
0

Leading opposition party, Peoples Democratic Party (PDP) has scheduled its National Convention for Saturday, 15th to Sunday,...

Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production

July 25, 2025
LPPC Shortlists 74 Lawyers For SAN Rank, Calls For Public Scrutiny

LPPC Approves Elevation Of 57 Lawyers To SAN Rank

July 25, 2025
3SC FC Sacks Coach Ogunbote, Dimeji Lawal, Entire Technical Crew

3SC FC Sacks Coach Ogunbote, Dimeji Lawal, Entire Technical Crew

July 25, 2025
Dr Dr.Ibrahim Ismaila Mosimabale Appointed Substantive Provost Of FCE, Okene

Dr Dr.Ibrahim Ismaila Mosimabale Appointed Substantive Provost Of FCE, Okene

July 24, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • PDP To Elect New National Officers In November, Shifts National Convention To Ibadan July 25, 2025
  • Food Security : Dangote, Niger State Govt. Sign Agreement To boost Rice Production July 25, 2025
  • LPPC Approves Elevation Of 57 Lawyers To SAN Rank July 25, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In